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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation

UMH PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2018

 

Column A   Column B     Column C     Column D  
Description         Initial Cost        
                    Site, Land        
                    & Building        
                    Improvements     Capitalization  
Name   Location   Encumbrances     Land     and Rental Homes     Subsequent to Acquisition  
                             
Allentown   Memphis, TN   $ 13,133,031     $ 250,000     $ 2,569,101     $ 10,831,942  
Arbor Estates   Doylestown, PA       (1)     2,650,000       8,266,000       1,602,825  
Auburn Estates   Orrville, OH       (4)     114,000       1,174,000       543,446  
Birchwood Farms   Birch Run, MI       (1)     70,000       2,797,000       3,391,201  
Boardwalk   Elkhart, IN     13,821,208 (6)     1,796,000       4,767,792       (52,763 )
Broadmore Estates   Goshen, IN     47,931,444 (1)     1,120,000       11,136,000       9,666,155  
Brookside   Berwick, PA       (3)     372,000       4,776,000       2,359,676  
Brookview   Greenfield Ctr, NY     2,722,314       37,500       232,547       7,917,752  
Camelot Village   Anderson, IN       (7)     824,000       2,479,800       306,825  
Candlewick Court   Owosso, MI     4,383,031       159,200       7,087,221       3,844,480  
Carsons   Chambersburg, PA     -0-       176,000       2,411,000       1,243,813  
Catalina   Middletown, OH     5,318,941       1,008,000       11,734,640       4,484,348  
Cedarcrest Village   Vineland, NJ     11,772,098       320,000       1,866,323       2,779,464  
Chambersburg   Chambersburg, PA     -0-       108,000       2,397,000       632,313  
Chelsea   Sayre, PA       (2)     124,000       2,049,000       1,522,493  
Cinnamon Woods   Conowingo, MD     -0-       1,884,000       2,116,000       237,063  
City View   Lewistown, PA     -0-       137,000       613,000       1,380,464  
Clinton   Tiffin, OH     3,446,832       142,000       3,301,800       335,425  
Collingwood   Horseheads, NY     -0-       196,000       2,317,500       1,657,063  
Colonial Heights   Wintersville, OH       (1)     67,000       2,383,000       4,593,810  
Countryside Estates   Muncie, IN     -0-       174,000       1,926,000       3,987,985  
Countryside Estates   Ravenna, OH     -0-       205,000       2,895,997       4,636,557  
Countryside Village   Columbia, TN     -0-       394,000       6,916,500       8,944,748  
Cranberry   Cranberry Twp, PA     7,466,333       181,930       1,922,931       4,174,783  
Crestview   Athens, PA     -0-       188,000       2,258,000       1,882,996  
Cross Keys   Duncansville, PA     -0-       60,774       378,093       3,924,145  
Crossroads Village   Mount Pleasant, PA     -0-       183,000       1,403,400       67,848  
D&R   Clifton Park, NY     7,526,804       391,724       704,021       3,270,304  
Dallas Mobile Home   Toronto,OH     -0-       275,600       2,728,503       1,876,192  
Deer Meadows   New Springfield,OH     -0-       226,000       2,299,275       2,566,163  
Evergreen Estates   Lodi,OH     -0-       99,000       1,121,300       466,101  
Evergreen Manor   Bedford, OH     -0-       49,000       2,372,258       1,108,091  
Evergreen Village   Mantua, OH     -0-       105,000       1,277,001       903,348  
Fairview Manor   Millville, NJ     15,710,739       216,000       1,166,517       9,993,787  
Forest Creek   Elkhart, IN       (1)     440,000       7,004,000       1,781,776  
Forest Park   Cranberry Twp, PA     8,172,870       75,000       977,225       8,094,900  
Fox Chapel Village   Cheswick, PA     -0-       372,000       4,081,700       640,702  
Frieden Manor   Schuylkill Haven, PA     13,068,415 (2)     643,000       5,293,500       2,334,370  
Green Acres   Chambersburg, PA     -0-       63,000       584,000       111,538  
Gregory Courts   Honey Brook, PA       (1)     370,000       1,220,000       497,919  
Hayden Heights   Dublin,OH     2,051,518       248,100       2,147,700       698,384  
Heather Highlands   Inkerman, PA     -0-       572,500       2,151,569       11,567,292  
High View Acres   Apollo, PA     -0-       825,000       4,263,500       156,053  
Highland   Elkhart, IN       (1)     510,000       7,084,000       4,672,942  
Highland Estates   Kutztown, PA     16,353,252       145,000       1,695,041       12,280,519  
Hillcrest Crossing   Lower Burrell, PA     -0-       961,000       1,463,825       3,463,057  
Hillcrest Estates   Marysville, OH     -0-       1,277,000       3,033,500       1,999,860  
Hillside Estates   Greensburg,PA       (5)     483,600       2,678,525       2,290,513  
Holiday Village   Nashville, TN     7,777,408       1,632,000       5,618,000       6,923,774  
Holiday Village   Elkhart, IN     8,349,008       490,600       13,808,269       5,053,122  
Holly Acres   Erie, PA     2,157,664       194,000       3,591,000       795,309  
Hudson Estates   Peninsula, OH     -0-         141,000       3,515,878       5,189,298  
                                       

  

Column A   Column B     Column C     Column D  
Description         Initial Cost        
                    Site, Land        
                    & Building        
                    Improvements     Capitalization  
Name   Location   Encumbrances     Land     and Rental Homes     Subsequent to Acquisition  
                             
Huntingdon Pointe   Tarrs, PA   $ -0-     $ 399,000     $ 865,450     $ 1,543,265  
Independence Park   Clinton, PA     7,926,365 (5)     686,400       2,783,633       2,836,351  
Kinnebrook   Monticello, NY     3,966,082       235,600       1,402,572       14,068,534  
Lake Sherman   Navarre, OH     5,404,640       290,000       1,457,673       10,414,673  
Lakeview Meadows   Lakeview, OH     -0-       574,000       1,103,600       1,664,314  
Laurel Woods   Cresson, PA     -0-       432,700       2,070,426       4,072,417  
Little Chippewa   Orrville, OH       (4)     113,000       1,135,000       1,895,702  
Maple Manor   Taylor, PA     13,412,679 (3)     674,000       9,432,800       5,761,225  
Marysville Estates   Marysville, OH     -0-       810,000       4,555,800       2,472,458  
Meadowood   New Middletown, OH       (1)     152,000       3,191,000       3,388,490  
Meadows   Nappanee, IN     -0-       548,600       6,720,900       4,666,623  
Meadows of Perrysburg   Perrysburg, OH     3,002,368       2,146,000       5,541,184       221,029  
Melrose Village   Wooster, OH     7,007,404 (4)     767,000       5,429,000       4,962,517  
Melrose West   Wooster, OH       (4)     94,000       1,040,000       58,858  
Memphis Blues   Memphis, TN     -0-       78,435       810,477       5,505,291  
Monroe Valley   Jonestown, PA       (2)     114,000       994,000       447,621  
Moosic Heights   Avoca, PA       (3)     330,000       3,794,100       2,909,537  
Mount Pleasant Village   Mount Pleasant, PA     -0-       280,000       3,501,600       805,019  
Mountaintop   Narvon, PA       (2)     134,000       1,665,000       606,928  
Oak Ridge   Elkhart, IN       (1)     500,000       7,524,000       2,003,904  
Oakwood Lake   Tunkhannock, PA       (3)     379,000       1,639,000       892,401  
Olmsted Falls   Olmsted Township, OH     2,051,221       569,000       3,031,000       1,762,146  
Oxford   West Grove, PA     6,526,306       175,000       990,515       2,474,849  
Parke Place   Elkhart, IN       (6)     4,317,000       10,340,950       4,178,437  
Perrysburg Estates   Perrysburg, OH     1,615,470       399,000       4,047,152       72,261  
Pikewood Manor   Elyria, OH     14,722,561       1,053,000       22,067,668       474,536  
Pine Ridge/Pine Manor   Carlisle, PA     -0-       37,540       198,321       9,649,277  
Pine Valley   Apollo, PA     -0-       670,000       1,336,600       5,597,054  
Pleasant View   Bloomsburg, PA       (3)     282,000       2,174,800       1,535,569  
Port Royal   Belle Vernon, PA     -0-       150,000       2,491,796       12,566,769  
Redbud Estates   Anderson, IN     13,353,880 (7)     1,739,000       15,090,530       1,152,432  
River Valley   Marion, OH     -0-       236,000       785,293       6,772,137  
Rolling Hills Estates   Carlisle, PA     -0-       301,000       1,419,013       1,593,092  
Rostraver Estates   Belle Veron, PA       (5)     813,600       2,203,506       2,051,995  
Sandy Valley   Magnolia, OH     -0-       270,000       1,941,430       8,763,519  
Shady Hills   Nashville, TN     4,891,221       337,000       3,379,000       4,271,425  
Somerset/Whispering   Somerset, PA     31,555       1,485,000       2,050,400       7,614,819  
Southern Terrace   Columbiana, OH       (1)     63,000       3,387,000       518,360  
Southwind   Jackson, NJ     5,213,023       100,095       602,820       2,762,659  
Spreading Oaks   Athens, OH     -0-       67,000       1,326,800       3,466,223  
Springfield Meadows   Springfield, OH     3,088,505       1,230,000       3,092,706       715,410  
Suburban Estates   Greensburg, PA     5,475,710       299,000       5,837,272       2,940,987  
Summit Estates   Ravenna, OH     -0-       198,000       2,779,260       3,468,173  
Summit Village   Marion, IN     -0-       522,000       2,820,930       183,943  
Sunny Acres   Somerset, PA     6,095,121       287,000       6,113,528       2,157,506  
Sunnyside   Eagleville, PA       (1)     450,000       2,674,000       458,164  
Trailmont   Goodlettsville, TN     3,260,814       411,000       1,867,000       3,622,958  
Twin Oaks   Olmsted Township, OH     2,333,022       823,000       3,527,000       2,059,563  
Twin Pines   Goshen, IN       (1)     650,000       6,307,000       3,900,683  
Valley High   Ruffs Dale, PA       (5)     284,000       2,266,750       1,398,477  
Valley Hills   Ravenna, OH     3,348,290       996,000       6,542,178       7,197,765  
Valley Stream   Mountaintop, PA     -0-       323,000       3,190,550       728,395  
Valley View HB   Honeybrook, PA       (1)     1,380,000       5,348,000       1,686,339  
Valley View I   Ephrata, PA       (2)     191,000       4,359,000       1,332,367  
Valley View II   Ephrata, PA       (2)     72,000       1,746,000       6,555  
Voyager Estates   West Newton, PA     -0-       742,000       3,142,725       2,595,400  
Waterfalls   Hamburg, NY     4,558,525       424,000       3,812,000       3,838,817  
Wayside   Bellefontaine, OH     -0-         196,000       1,080,050       576,742  
                                       

 

Column A   Column B     Column C     Column D
Description         Initial Cost      
                    Site, Land      
                    & Building     Capitalization
                    Improvements     Subsequent to
Name   Location   Encumbrances     Land     and Rental Homes     Acquisition
                           
Weatherly Estates   Lebanon, TN   $ 7,956,386     $ 1,184,000     $ 4,034,480     $4,407,917
Wellington Estates   Export, PA     2,367,059       896,000       6,179,000     336,258
Wood Valley   Caledonia, OH     -0-       260,000       1,753,206     4,585,697
Woodland Manor   West Monroe, NY     -0-       77,000       841,000     3,316,606
Woodlawn   Eatontown, NJ     -0-       157,421       280,749     1,517,426
Woods Edge   West Lafayette, IN     6,476,902       1,808,100       13,321,318     3,940,627
Worthington Arms   Lewis Center, OH     9,163,406       436,800       12,705,530     2,366,871
Youngstown Estates   Youngstown, NY       (4)     269,000       1,606,000     1,235,090
                                 
        $ 334,411,425     $ 61,114,819     $ 428,804,793     $384,681,623

 

Column A   Column E (8) (9)     Column F  
Description   Gross Amount at Which Carried at 12/31/18        
              Site, Land              
              & Building              
              Improvements              
Name   Location   Land     and Rental Homes     Total     Accumulated Depreciation  
                             
Allentown   Memphis, TN   $ 480,000     $ 13,171,043     $ 13,651,043     $ 6,061,532  
Arbor Estates   Doylestown, PA     2,650,000       9,868,825       12,518,825       1,961,510  
Auburn Estates   Orrville, OH     114,000       1,717,446       1,831,446       294,948  
Birchwood Farms   Birch Run, MI     70,000       6,188,201       6,258,201       1,106,577  
Boardwalk   Elkhart, IN     1,796,000       4,715,029       6,511,029       342,529  
Broadmore Estates   Goshen, IN     1,120,000       20,802,155       21,922,155       3,913,331  
Brookside   Berwick, PA     372,000       7,135,676       7,507,676       1,642,483  
Brookview   Greenfield Ctr, NY     122,865       8,064,934       8,187,799       2,605,919  
Camelot Village   Anderson, IN     828,100       2,782,525       3,610,625       56,255  
Candlewick Court   Owosso, MI     159,200       10,931,701       11,090,901       1,386,022  
Carsons   Chambersburg, PA     176,000       3,654,813       3,830,813       723,884  
Catalina   Middletown, OH     1,008,000       16,218,988       17,226,988       2,087,498  
Cedarcrest Village   Vineland, NJ     408,206       4,557,581       4,965,787       2,878,861  
Chambersburg   Chambersburg, PA     118,264       3,019,049       3,137,313       651,987  
Chelsea   Sayre, PA     124,000       3,571,493       3,695,493       630,684  
Cinnamon Woods   Conowingo, MD     1,884,000       2,353,063       4,237,063       143,918  
City View   Lewistown, PA     137,000       1,993,464       2,130,464       399,586  
Clinton   Tiffin, OH     142,000       3,637,225       3,779,225       932,453  
Collingwood   Horseheads, NY     196,000       3,974,563       4,170,563       782,316  
Colonial Heights   Wintersville, OH     67,000       6,976,810       7,043,810       1,318,442  
Countryside Estates   Muncie, IN     174,000       5,913,985       6,087,985       985,711  
Countryside Estates   Ravenna, OH     205,000       7,532,554       7,737,554       989,768  
Countryside Village   Columbia, TN     609,000       15,646,248       16,255,248       3,559,995  
Cranberry   Cranberry Twp, PA     181,930       6,097,714       6,279,644       3,055,333  
Crestview   Athens, PA     361,500       3,967,496       4,328,996       690,843  
Cross Keys   Duncansville, PA     60,774       4,302,238       4,363,012       1,421,552  
Crossroads Village   Mount Pleasant, PA     183,000       1,471,247       1,654,247       66,486  
D&R   Clifton Park, NY     391,724       3,974,325       4,366,049       2,158,380  
Dallas Mobile Home   Toronto,OH     275,600       4,604,695       4,880,295       622,630  
Deer Meadows   New Springfield,OH     226,000       4,865,438       5,091,438       648,893  
Evergreen Estates   Lodi,OH     119,000       1,567,401       1,686,401       250,816  
Evergreen Manor   Bedford, OH     49,000       3,480,349       3,529,349       503,807  
Evergreen Village   Mantua, OH     105,000       2,180,349       2,285,349       339,636  
Fairview Manor   Millville, NJ     2,534,892       8,841,412       11,376,304       5,287,479  
Forest Creek   Elkhart, IN     440,000       8,785,776       9,225,776       2,117,501  
Forest Park   Cranberry Twp, PA     75,000       9,072,125       9,147,125       3,470,969  
Fox Chapel Village   Cheswick, PA     372,000       4,722,402       5,094,402       194,191  
Frieden Manor   Schuylkill Haven, PA     643,000       7,627,870       8,270,870       1,634,960  
Green Acres   Chambersburg, PA     63,000       695,538       758,538       151,664  
Gregory Courts   Honey Brook, PA     370,000       1,717,919       2,087,919       343,737  
Hayden Heights   Dublin,OH     248,100       2,846,084       3,094,184       454,361  
Heather Highlands   Inkerman, PA     572,500       13,718,861       14,291,361       5,490,732  
High View Acres   Apollo, PA     825,000       4,419,553       5,244,553       173,866  
Highland   Elkhart, IN     510,000       11,756,942       12,266,942       2,224,591  
Highland Estates   Kutztown, PA     404,239       13,716,321       14,120,560       7,137,391  
Hillcrest Crossing   Lower Burrell, PA     961,000       4,926,882       5,887,882       275,828  
Hillcrest Estates   Marysville, OH     1,277,000       5,033,360       6,310,360       297,160  
Hillside Estates   Greensburg,PA     483,600       4,969,038       5,452,638       665,360  
Holiday Village   Nashville, TN     1,632,000       12,541,774       14,173,774       2,294,271  
Holiday Village   Elkhart, IN     490,600       18,861,391       19,351,991       2,163,511  
Holly Acres   Erie, PA     194,000       4,386,309       4,580,309       581,544  
Hudson Estates   Peninsula, OH     141,000       8,705,176       8,846,176       1,165,368  

 

 

Column A   Column E (8) (9)     Column F  
Description   Gross Amount at Which Carried at 12/31/18        
              Site, Land              
              & Building              
              Improvements              
Name   Location   Land     and Rental Homes     Total     Accumulated Depreciation  
                             
Huntingdon Pointe   Tarrs, PA   $ 399,000     $ 2,408,715     $ 2,807,715     $ 185,100  
Independence Park   Clinton, PA     686,400       5,619,984       6,306,384       737,027  
Kinnebrook   Monticello, NY     352,972       15,353,733       15,706,705       5,423,713  
Lake Sherman   Navarre, OH     290,000       11,872,345       12,162,345       4,309,552  
Lakeview Meadows   Lakeview, OH     725,663       2,616,252       3,341,915       185,129  
Laurel Woods   Cresson, PA     432,700       6,142,843       6,575,543       2,273,762  
Little Chippewa   Orrville, OH     113,000       3,030,702       3,143,702       391,452  
Maple Manor   Taylor, PA     674,000       15,194,025       15,868,025       3,595,183  
Marysville Estates   Marysville, OH     817,668       7,020,590       7,838,258       433,409  
Meadowood   New Middletown, OH     152,000       6,579,490       6,731,490       1,235,754  
Meadows   Nappanee, IN     548,600       11,387,523       11,936,123       1,216,687  
Meadows of Perrysburg   Perrysburg, OH     2,176,529       5,731,685       7,908,214       17,592  
Melrose Village   Wooster, OH     767,000       10,391,517       11,158,517       1,642,618  
Melrose West   Wooster, OH     94,000       1,098,858       1,192,858       200,866  
Memphis Blues   Memphis, TN     335,935       6,058,268       6,394,203       1,578,693  
Monroe Valley   Jonestown, PA     114,000       1,441,621       1,555,621       304,954  
Moosic Heights   Avoca, PA     330,000       6,703,637       7,033,637       1,430,738  
Mount Pleasant Village   Mount Pleasant, PA     280,000       4,306,619       4,586,619       180,327  
Mountaintop   Narvon, PA     134,000       2,271,928       2,405,928       492,869  
Oak Ridge   Elkhart, IN     500,000       9,527,904       10,027,904       2,227,654  
Oakwood Lake   Tunkhannock, PA     379,000       2,531,401       2,910,401       637,805  
Olmsted Falls   Olmsted Township, OH     569,000       4,793,146       5,362,146       894,819  
Oxford   West Grove, PA     155,000       3,485,364       3,640,364       2,110,778  
Parke Place   Elkhart, IN     4,317,000       14,519,387       18,836,387       1,002,185  
Perrysburg Estates   Perrysburg, OH     403,000       4,115,413       4,518,413       15,486  
Pikewood Manor   Elyria, OH     1,071,000       22,524,204       23,595,204       77,936  
Pine Ridge/Pine Manor   Carlisle, PA     145,473       9,739,665       9,885,138       3,425,498  
Pine Valley   Apollo, PA     732,089       6,871,565       7,603,654       2,913,131  
Pleasant View   Bloomsburg, PA     282,000       3,710,369       3,992,369       846,983  
Port Royal   Belle Vernon, PA     505,000       14,703,565       15,208,565       6,960,757  
Redbud Estates   Anderson, IN     1,752,567       16,229,396       17,981,963       337,387  
River Valley   Marion, OH     236,000       7,557,430       7,793,430       3,620,481  
Rolling Hills Estates   Carlisle, PA     301,000       3,012,105       3,313,105       759,610  
Rostraver Estates   Belle Veron, PA     813,600       4,255,501       5,069,101       603,977  
Sandy Valley   Magnolia, OH     270,000       10,704,949       10,974,949       4,932,016  
Shady Hills   Nashville, TN     337,000       7,650,425       7,987,425       1,637,067  
Somerset/Whispering   Somerset, PA     1,488,600       9,661,619       11,150,219       3,504,553  
Southern Terrace   Columbiana, OH     63,000       3,905,360       3,968,360       853,752  
Southwind   Jackson, NJ     100,095       3,365,479       3,465,574       2,044,387  
Spreading Oaks   Athens, OH     67,000       4,793,023       4,860,023       1,847,482  
Springfield Meadows   Springfield, OH     1,230,000       3,808,116       5,038,116       264,955  
Suburban Estates   Greensburg, PA     299,000       8,778,259       9,077,259       2,183,939  
Summit Estates   Ravenna, OH     198,000       6,247,433       6,445,433       822,706  
Summit Village   Marion, IN     522,000       3,004,873       3,526,873       70,085  
Sunny Acres   Somerset, PA     287,000       8,271,034       8,558,034       2,137,312  
Sunnyside   Eagleville, PA     450,000       3,132,164       3,582,164       610,935  
Trailmont   Goodlettsville, TN     411,000       5,489,958       5,900,958       1,215,962  
Twin Oaks   Olmsted Township, OH     998,000       5,411,563       6,409,563       1,117,091  
Twin Pines   Goshen, IN     650,000       10,207,683       10,857,683       1,999,012  
Valley High   Ruffs Dale, PA     284,000       3,665,227       3,949,227       529,572  
Valley Hills   Ravenna, OH     996,000       13,739,943       14,735,943       2,043,849  
Valley Stream   Mountaintop, PA     323,000       3,918,945       4,241,945       501,340  
Valley View HB   Honeybrook, PA     1,380,000       7,034,339       8,414,339       1,508,178  

 

 

Column A   Column E (8) (9)     Column F  
Description   Gross Amount at Which Carried at 12/31/18        
              Site, Land              
              & Building              
              Improvements              
Name   Location   Land     and Rental Homes     Total     Accumulated Depreciation  
                             
Valley View I   Ephrata, PA   $ 279,632     $ 5,602,735     $ 5,882,367     $ 1,225,431  
Valley View II   Ephrata, PA     72,000       1,752,555       1,824,555       408,958  
Voyager Estates   West Newton, PA     742,000       5,738,125       6,480,125       669,843  
Waterfalls   Hamburg, NY     424,000       7,650,817       8,074,817       3,949,840  
Wayside   Bellefontaine, OH     261,372       1,591,420       1,852,792       122,455  
Weatherly Estates   Lebanon, TN     1,184,000       8,442,397       9,626,397       3,317,864  
Wellington Estates   Export, PA     896,000       6,515,258       7,411,258       305,556  
Wood Valley   Caledonia, OH     260,000       6,338,903       6,598,903       2,971,523  
Woodland Manor   West Monroe, NY     77,000       4,157,606       4,234,606       1,166,127  
Woodlawn   Eatontown, NJ     135,421       1,820,175       1,955,596       868,194  
Woods Edge   West Lafayette, IN     1,808,100       17,261,945       19,070,045       1,970,822  
Worthington Arms   Lewis Center, OH     436,800       15,072,401       15,509,201       1,782,822  
Youngstown Estates   Youngstown, NY     269,000       2,841,090       3,110,090       406,123  
                                     
        $ 65,935,310     $ 808,665,925     $ 874,601,235     $ 182,598,732  

 

 

Column A   Column G     Column H     Column I
Description                
Name   Location   Date of
Construction		     Date
Acquired		     Depreciable
Life
                     
Allentown   Memphis, TN     prior to 1980       1986      5 to 27.5
Arbor Estates   Doylestown, PA     1959       2013      5 to 27.5
Auburn Estates   Orrville, OH     1971/1985/1995       2013      5 to 27.5
Birchwood Farms   Birch Run, MI     1976-1977       2013      5 to 27.5
Boardwalk   Elkhart, IN     1995-1996       2017      5 to 27.5
Broadmore Estates   Goshen, IN     1950/1990       2013      5 to 27.5
Brookside   Berwick, PA     1973-1976       2010      5 to 27.5
Brookview   Greenfield Ctr, NY     prior to 1970       1977      5 to 27.5
Camelot Village   Anderson, IN     1998       2018      5 to 27.5
Candlewick Court   Owosso, MI     1975       2015      5 to 27.5
Carsons   Chambersburg, PA     1963       2012      5 to 27.5
Catalina   Middletown, OH     1968-1976       2015      5 to 27.5
Cedarcrest Village   Vineland, NJ     1973       1986      5 to 27.5
Chambersburg   Chambersburg, PA     1955       2012      5 to 27.5
Chelsea   Sayre, PA     1972       2012      5 to 27.5
Cinnamon Woods   Conowingo, MD     2005       2017      5 to 27.5
City View   Lewistown, PA     prior to 1980       2011      5 to 27.5
Clinton   Tiffin, OH     1968/1987       2011      5 to 27.5
Collingwood   Horseheads, NY     1970       2012      5 to 27.5
Colonial Heights   Wintersville, OH     1972       2012      5 to 27.5
Countryside Estates   Muncie, IN     1996       2012      5 to 27.5
Countryside Estates   Ravenna, OH     1972       2014      5 to 27.5
Countryside Village   Columbia, TN     1988/1992       2011      5 to 27.5
Cranberry   Cranberry Twp, PA     1974       1986      5 to 27.5
Crestview   Athens, PA     1964       2012      5 to 27.5
Cross Keys   Duncansville, PA     1961       1979      5 to 27.5
Crossroads Village   Mount Pleasant, PA     1955/2004       2017      5 to 27.5
D&R   Clifton Park, NY     1972       1978      5 to 27.5
Dallas Mobile Home   Toronto,OH     1950-1957       2014      5 to 27.5
Deer Meadows   New Springfield,OH     1973       2014      5 to 27.5
Evergreen Estates   Lodi,OH     1965       2014      5 to 27.5
Evergreen Manor   Bedford, OH     1960       2014      5 to 27.5
Evergreen Village   Mantua, OH     1960       2014      5 to 27.5
Fairview Manor   Millville, NJ     prior to 1980       1985      5 to 27.5
Forest Creek   Elkhart, IN     1996-1997       2013      5 to 27.5
Forest Park   Cranberry Twp, PA     prior to 1980       1982      5 to 27.5
Fox Chapel Village   Cheswick, PA     1975       2017      5 to 27.5
Frieden Manor   Schuylkill Haven, PA     1969       2012      5 to 27.5
Green Acres   Chambersburg, PA     1978       2012      5 to 27.5
Gregory Courts   Honey Brook, PA     1970       2013      5 to 27.5
Hayden Heights   Dublin,OH     1973       2014      5 to 27.5
Heather Highlands   Inkerman, PA     1970       1992      5 to 27.5
High View Acres   Apollo, PA     1984       2017      5 to 27.5
Highland   Elkhart, IN     1969       2013      5 to 27.5
Highland Estates   Kutztown, PA     1971       1979      5 to 27.5
Hillcrest Crossing   Lower Burrell, PA     1971       2017      5 to 27.5
Hillcrest Estates   Marysville, OH     1995       2017      5 to 27.5
Hillside Estates   Greensburg,PA     1980       2014      5 to 27.5
Holiday Village   Nashville, TN     1967       2013      5 to 27.5
Holiday Village   Elkhart, IN     1966       2015      5 to 27.5
Holly Acres   Erie, PA     1977/2007       2015      5 to 27.5
Hudson Estates   Peninsula, OH     1956       2014      5 to 27.5
Huntingdon Pointe   Tarrs, PA     2000       2015      5 to 27.5

 

 

Column A   Column G     Column H     Column I
Description                
Name   Location   Date of
Construction		     Date
Acquired		     Depreciable
Life
                     
Independence Park   Clinton, PA     1987       2014      5 to 27.5
Kinnebrook   Monticello, NY     1972       1988      5 to 27.5
Lake Sherman   Navarre, OH     prior to 1980       1987      5 to 27.5
Lakeview Meadows   Lakeview, OH     1995       2016      5 to 27.5
Laurel Woods   Cresson, PA     prior to 1980       2001      5 to 27.5
Little Chippewa   Orrville, OH     1968       2013      5 to 27.5
Maple Manor   Taylor, PA     1972       2010      5 to 27.5
Marysville Estates   Marysville, OH     1960s to 2015       2017      5 to 27.5
Meadowood   New Middletown, OH     1957       2012      5 to 27.5
Meadows   Nappanee, IN     1965-1973       2015      5 to 27.5
Meadows of Perrysburg   Perrysburg, OH     1998       2018      5 to 27.5
Melrose Village   Wooster, OH     1970-1978       2013      5 to 27.5
Melrose West   Wooster, OH     1995       2013      5 to 27.5
Memphis Blues   Memphis, TN     1955       1985      5 to 27.5
Monroe Valley   Jonestown, PA     1969       2012      5 to 27.5
Moosic Heights   Avoca, PA     1972       2010      5 to 27.5
Mount Pleasant Village   Mount Pleasant, PA     1977-1986       2017      5 to 27.5
Mountaintop   Narvon, PA     1972       2012      5 to 27.5
Oak Ridge   Elkhart, IN     1990       2013      5 to 27.5
Oakwood Lake   Tunkhannock, PA     1972       2010      5 to 27.5
Olmsted Falls   Olmsted Township, OH     1953/1970       2012      5 to 27.5
Oxford   West Grove, PA     1971       1974      5 to 27.5
Parke Place   Elkhart, IN     1995-1996       2017      5 to 27.5
Perrysburg Estates   Perrysburg, OH     1972       2018      5 to 27.5
Pikewood Manor   Elyria, OH     1962       2018      5 to 27.5
Pine Ridge/Pine Manor   Carlisle, PA     1961       1969      5 to 27.5
Pine Valley   Apollo, PA     prior to 1980       1995      5 to 27.5
Pleasant View   Bloomsburg, PA     1960’s       2010      5 to 27.5
Port Royal   Belle Vernon, PA     1973       1983      5 to 27.5
Redbud Estates   Anderson, IN     1966/1998/2003       2018      5 to 27.5
River Valley   Marion, OH     1950       1986      5 to 27.5
Rolling Hills Estates   Carlisle, PA     1972-1975       2013      5 to 27.5
Rostraver Estates   Belle Veron, PA     1970       2014      5 to 27.5
Sandy Valley   Magnolia, OH     prior to 1980       1985      5 to 27.5
Shady Hills   Nashville, TN     1954       2011      5 to 27.5
Somerset/Whispering   Somerset, PA     prior to 1980       2004      5 to 27.5
Southern Terrace   Columbiana, OH     1983       2012      5 to 27.5
Southwind   Jackson, NJ     1969       1969      5 to 27.5
Spreading Oaks   Athens, OH     prior to 1980       1996      5 to 27.5
Springfield Meadows   Springfield, OH     1970       2016      5 to 27.5
Suburban Estates   Greensburg, PA     1968/1980       2010      5 to 27.5
Summit Estates   Ravenna, OH     1969       2014      5 to 27.5
Summit Village   Marion, IN     2000       2018      5 to 27.5
Sunny Acres   Somerset, PA     1970       2010      5 to 27.5
Sunnyside   Eagleville, PA     1960       2013      5 to 27.5
Trailmont   Goodlettsville, TN     1964       2011      5 to 27.5
Twin Oaks   Olmsted Township, OH     1952/1997       2012      5 to 27.5
Twin Pines   Goshen, IN     1956/1990       2013      5 to 27.5
Valley High   Ruffs Dale, PA     1974       2014      5 to 27.5
Valley Hills   Ravenna, OH     1960-1970       2014      5 to 27.5
Valley Stream   Mountaintop, PA     1970       2015      5 to 27.5
Valley View HB   Honeybrook, PA     1970       2013      5 to 27.5
Valley View I   Ephrata, PA     1961       2012      5 to 27.5
Valley View II   Ephrata, PA     1999       2012      5 to 27.5
Voyager Estates   West Newton, PA     1968       2015      5 to 27.5
Waterfalls   Hamburg, NY     prior to 1980       1997      5 to 27.5

 

 

Column A   Column G     Column H     Column I
Description                
Name   Location   Date of
Construction		     Date
Acquired		     Depreciable
Life
                     
Wayside   Bellefontaine, OH     1960’s       2016     5 to 27.5
Weatherly Estates   Lebanon, TN     1997       2006     5 to 27.5
Wellington Estate   Export, PA     1970/1996       2017     5 to 27.5
Wood Valley   Caledonia, OH     prior to 1980       1996     5 to 27.5
Woodland Manor   West Monroe, NY     prior to 1980       2003     5 to 27.5
Woodlawn   Eatontown, NJ     1964       1978     5 to 27.5
Woods Edge   West Lafayette, IN     1974       2015     5 to 27.5
Worthington Arms   Lewis Center, OH     1968       2015     5 to 27.5
Youngstown Estates   Youngstown, NY     1963       2013     5 to 27.5

 

 

(1) Represents one mortgage note payable secured by thirteen properties.
   
(2) Represents one mortgage note payable secured by six properties.
   
(3) Represents one mortgage note payable secured by five properties.
   
(4) Represents one mortgage note payable secured by five properties.
   
(5) Represents one mortgage note payable secured by four properties.
   
(6) Represents one mortgage note payable secured by two properties.
   
(7) Represents one mortgage note payable secured by two properties.
   
(8) Reconciliation

 

    /-------FIXED ASSETS-------/  
    12/31/18     12/31/17     12/31/16  
                   
Balance – Beginning of Year   $ 758,487,025     $ 636,576,955     $ 574,283,574  
                         
Additions:                        
Acquisitions     58,730,264       59,308,067       7,276,356  
Improvements     61,102,376       65,458,396       56,417,927  
Total Additions     119,832,640       124,766,463       63,694,283  
                         
Deletions     (3,718,430 )     (2,856,393 )     (1,400,902 )
                         
Balance – End of Year   $ 874,601,235     $ 758,487,025     $ 636,576,955  

 

    /-------ACCUMULATED DEPRECIATION-------/  
    12/31/18     12/31/17     12/31/16  
                   
Balance – Beginning of Year   $ 153,591,917     $ 128,780,501     $ 107,453,972  
                         
Additions:                        
Depreciation     335,356,545       25,307,453       21,625,264  
Total Additions     335,356,545       25,307,453       21,625,264  
                         
Deletions     (834,104 )     (496,037 )     (298,735 )
                         
Balance – End of Year   $ 182,598,732     $ 153,591,917     $ 128,780,501  

 

(9) The aggregate cost for Federal tax purposes approximates historical cost.